Ryde Group Ltd Issues Shares for Consulting Services
Ticker: RYDE · Form: 6-K · Filed: Jun 21, 2024 · CIK: 1971115
Sentiment: neutral
Topics: share-issuance, consulting-agreement, equity
TL;DR
Ryde Group issued 1.5M shares to consultants on 6/21/23.
AI Summary
On June 21, 2023, Ryde Group Ltd issued 750,000 Class A Ordinary Shares to each of two consultants as payment for consulting services. These shares were issued under the Company's 2023 Share Incentive Plan.
Why It Matters
This filing details the issuance of shares as compensation, which can impact shareholder dilution and the company's equity structure.
Risk Assessment
Risk Level: low — This is a routine disclosure of share issuance for services, not indicating significant financial distress or major strategic shifts.
Key Numbers
- 1,500,000 — Shares Issued (Total Class A Ordinary Shares issued to two consultants.)
- 750,000 — Shares per Consultant (Number of Class A Ordinary Shares issued to each of the two consultants.)
Key Players & Entities
- Ryde Group Ltd (company) — Filer of the report
- 750,000 Class A Ordinary Shares (dollar_amount) — Shares issued to each consultant
- two consultants (person) — Recipients of the shares
- June 21, 2023 (date) — Date of share issuance
- 2023 Share Incentive Plan (company) — Plan under which shares were issued
FAQ
What was the total number of shares issued?
A total of 1,500,000 Class A Ordinary Shares were issued (750,000 to each of the two consultants).
When were these shares issued?
The shares were issued on June 21, 2023.
What was the purpose of issuing these shares?
The shares were issued as consideration for consulting services provided by the two consultants.
Under which plan were the shares issued?
The shares were issued from the Company's 2023 Share Incentive Plan.
What is the company's principal executive office address?
The company's principal executive office is located at Duo Tower, 3 Fraser Street, #08-21, Singapore 189352.
Filing Stats: 299 words · 1 min read · ~1 pages · Grade level 15.5 · Accepted 2024-06-21 06:03:31
Filing Documents
- form6-k.htm (6-K) — 17KB
- ex10-1.htm (EX-10.1) — 71KB
- 0001493152-24-024616.txt ( ) — 88KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Ryde Group Ltd Date: June 21, 2024 By: /s/ Zou Junming Terence Name: Zou Junming Terence Title: Chairman of the Board of Directors and Chief Executive Officer EXHIBIT INDEX Exhibit No. Description 10.1 Form of Consulting Agreement